doc. dr. Alvido Lukošaičio asmenine svetaine

Dėstomi kursai » Economic and Monetary Union - Jean Monnet European Module (EMU)

Course unit code-
Course unit titleEconomic and Monetary Union - Jean Monnet European Module (Agreement with the European Commission No. 2006 – 1842/001-001 JMO JMO (GA-2825)
Name and title of lecturer(s)Doc. dr. Stasys Kropas
Academic departmentEuropean Studies Department
FacultyInstitute of International Relations and Political Science
Level of courseFirst cycle studies
ECTS credits4,5
VU credits3
Class hours32
Total hours32
PrerequisitesBasic knowledge of macroeconomics is required
Language of instructionEnglish
Objectives and learning outcomesThe aim of this course is to: introduce students to the organizational and institutional structure of the Economic and Monetary Union; equip students with the theoretical arguments relevant to the debate about EMU; provide students with the relevant information and knowledge to enable them to analyze, understand and follow debates on current EMU issues; allow students to develop economic concepts and analysis skills that will enable them to form opinions on the future of European integration.
Course unit contentThis course gives a brief overview of the movement towards the creation of an Economic and Monetary Union. It also deal with theoretical considerations of the pros and cons of the creation of the common currency area and its impact on social welfare states, European models of society and regime changes. Moreover, it considers the historical experience of the monetary unions and impact of the EMU on the process of monetary integration in the other parts of the world. It then describes the structure of the European monetary authorities and, in particular, of the European Central Bank. It also considers implications for other areas of economic policies, such as fiscal, labour markets and structural policies. Finally, the process of the EU enlargement (with a special emphasis on the experience of the Baltic countries) in relation to the accession of new member states to the euro area is discussed.
Reading listPaul de Grauwe. Economics of Monetary Union. Oxford University Press, 2003, 258p.
Monetary Policy of the ECB. ECB, 2004.
Adopting the Euro in the New Member states: the next step in European integration. Transcript of an IMF Economic Forum. Washington DC, May 4, 2004.
Burgess R., Fabrizio S., Xiao Y. The Baltics: Competitiveness on the Eve of EU Accession. IMF, Washington D.C., 2004.
Schipke A., Beddies C., George S., Sheridan, N. Capital Markets and Financial Intermediation in The Baltics. Occasional Paper No. 228. IMF, Washington D.C., 2004.
Supplementary readingsCottarelli C., Dell'Ariccia G., Vladkova-Hollar I. Early Birds, Late Risers, and Sleeping Beauties: Bank Credit Growth to the Private Sector in Central and Eastern Europe and in the Balkans. Working Paper No. 03/213, IMF, Washington D.C. 2003.
Alonso-Gamo P., Fabrizio S., Kramarenko V., Wang Q. Lithuania: History and Future of the Currency Board Arrangement. Working Paper No. 02/127. 2002.
Mueller J., Beddies C., Burgess R., Kramarenko V., Mongardini J. The Baltic Countries: Medium-Term Fiscal Issues Related to EU and NATO Accession. Occasional Paper No. 213, 2002.
Gulde., Kahkonen J., Keller P. Pros and Cons of Currency Board Arrangements in the Lead-Up to EU Accession and Participation in the Euro Zone. IMF, Washington, D.C. 2000
Teaching methodsLectures and seminars, literature studies, discussions. Distribution of materials and information throw personal website:
Attendance requirementsAttendance to lectures and seminars is obligatory.
Assessment requirementsWritten examination
Assessment methodsCourse requirements: 40% written exam, 40% a term paper, 20% periodic in-class reports of work-in- progress and performance in seminars.
Approved by department-
Approved by Committee of the study program-
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